We Expect CarMax to Remain the Used Car Leader

CarMax's revenue has increased at a compound annual rate of 10.8% since fiscal 2000 because of the success of customer-friendly sales practices and use of information technology. We think the firm will eventually reach its over 5% zero to 10-year-old vehicle market share target, up from 3.7% in calendar 2023 and 2024. Revenue of at least $33 billion should come before reaching another goal of selling a combined 2 million annual retail and auction units.